Claro Advisors LLC Has $433,000 Stock Holdings in Monster Beverage Corporation $MNST

Claro Advisors LLC lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 12.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,909 shares of the company’s stock after buying an additional 741 shares during the quarter. Claro Advisors LLC’s holdings in Monster Beverage were worth $433,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Huntington National Bank lifted its stake in shares of Monster Beverage by 18.9% during the 2nd quarter. Huntington National Bank now owns 4,997 shares of the company’s stock worth $313,000 after buying an additional 793 shares during the last quarter. Optivise Advisory Services LLC lifted its stake in shares of Monster Beverage by 11.2% during the 2nd quarter. Optivise Advisory Services LLC now owns 3,980 shares of the company’s stock worth $249,000 after buying an additional 400 shares during the last quarter. Access Investment Management LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth about $25,000. Machina Capital S.A.S. acquired a new stake in shares of Monster Beverage during the 2nd quarter worth about $1,881,000. Finally, Westside Investment Management Inc. lifted its stake in shares of Monster Beverage by 35.6% during the 2nd quarter. Westside Investment Management Inc. now owns 865 shares of the company’s stock worth $54,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 1.5%

MNST stock opened at $67.87 on Thursday. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $70.72. The firm has a market cap of $66.27 billion, a P/E ratio of 42.16, a P/E/G ratio of 2.31 and a beta of 0.53. The company’s 50-day moving average price is $66.36 and its two-hundred day moving average price is $63.34.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Buying and Selling

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the transaction, the director directly owned 51,191 shares of the company’s stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on MNST shares. Piper Sandler raised shares of Monster Beverage from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $54.00 to $74.00 in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Rothschild & Co Redburn cut shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monster Beverage from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Hold” and an average target price of $67.48.

Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.